POAH - Preservation of Affordable Housing

Preservation of Affordable Housing, Inc. (“POAH”) has rescued and restored some of America’s most ‘at risk’ rental housing. Currently, POAH owns more than 4900 apartments in 40 developments in 8 states and the District of Columbia. On average, the incomes of residents in POAH housing are only 30 to 50% of median.

POAH is known nationally for its ability to structure innovative financing and close complex deals which preserve long-term housing affordability for the elderly and disabled, working families and others priced out of the housing market. POAH has also successfully influenced a range of public programs to make them more amenable to addressing the nation’s housing preservation challenge.

POAH OFFERS TO PURCHASE 1200 AFFORDABLE FLORIDA HOMES

Preservation of Affordable Housing, Inc., (POAH) announced today that it has entered into agreements to purchase eight affordable rental properties from Greater Miami Neighborhoods, which is winding down its operations. These properties-six in the Miami area, and two in Jacksonville-collectively total 1244 rental homes. All of the properties will require significant reinvestment and rehabilitation so that they may be preserved as healthy, decent affordable housing for the long-term.

FULL STORY IN PDF